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Technology Stocks : DELL CLIMAX SITE

DELL 161.05

-0.6%

9:30 AM EST

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To: Keith Zhang who wrote (150)	8/7/1997 4:27:00 PM
From: Jeff Gurian	of 158

Im still out on the correction deal. I thought that the beginning of the week was a bad sign when Dell would fall while all other techs were soaring. Today Dell goes up on a generally down market. Im not sure what to make of all this (I would guess that Dell was following CPQ- good call on that one, by the way). It sure does look like Dell is following the charts but it also looks like there still remains strong support for Dell. I dont think that recent run-up was all momentum, I would say momentum accounted for 60% while appreciation, market strentgth, etc. accounted for 40%. Scary is a good term to describe shorting, mabye thats why I dont do it. Im more of a passive investor, but I have to say that I have also missed out on some extra cash by not shorting. So where did everyone else go on this thread? I expected that alot of those bears who were hyping thier short positions to shut up, but its sad to see them all leave. They have some good opinions and make some good arguments.

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